Hot topics for the ICAS Practice Community
Find out what's happening now and stay up to date with the latest updates and events for those working in the practice community.
Making tax digital
Making Tax Digital is a key part of the government’s plans to increase the use of digital communication in Government. HMRC is committed to bringing in a digital tax system where the default is online interaction. This will bring significant change for HMRC, taxpayers and their advisers. As a first step, Making Tax Digital for VAT will become mandatory for certain businesses who are required to be registered for VAT with effect from 1 April 2019. All the latest information and helpful resources can be accessed from our Making Tax Digital hub.
Practice management course
In 2014, ICAS introduced a mandatory requirement to attend the Practice Management Course once every five years. This is the final year of the first cycle and all members in practice are required to have completed a Practice Management Course by 31 March 2019.
Courses have been held in various locations across the UK over the past 5 years and no further physical location courses are planned prior to 31 March 2019. While maximum benefit from the course can be obtained from attending one of the courses held in locations around the country, we recognise that personal circumstances may have made it difficult for all members in practice to attend a course. An online digital learning course has therefore been developed to allow everyone to access the course and meet their mandatory participation requirement.
The online course is made up of three modules. They can be undertaken at a time suitable for you (over a number of sessions if required) using any device such as desktop, mobile or tablet.
Make sure your adviser is a CA is an ICAS initiative to raise awareness of the benefits of using a Chartered Accountant (CA) and the value they add as a business adviser. Nearly 200 firms have signed up for our CA adviser campaign since it was launched last year.
Contact the Practice team
We know that practice can often be a lonely and challenging place. The pace of change and issues facing practitioners increase almost on a daily basis. The ICAS Practice team is here to provide support, offer relevant content and allow anyone in practice to be part of a strong ICAS practice community.